VECHAIN - VET/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	VETUSDT
ISIN:

VECHAIN - VET/USDT - Daily - Technical analysis published on 08/27/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 0.101073 USDT

My targets

0.135283 USDT (+13.21%)

0.139400 USDT (+16.65%)

My analysis

A bullish trend on VECHAIN - VET/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 0.101073 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.135283 USDT. Then the price could move towards 0.139400 USDT. Then 0.168100 USDT by extension. Be careful, a return below 0.101073 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The VECHAIN - VET/USDT rating is 0.119500 USDT. The price registered an increase of +3.11% on the session and was between 0.113700 USDT and 0.120800 USDT. This implies that the price is at +5.10% from its lowest and at -1.08% from its highest.

0.113700

0.120800

0.119500

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USDT:

Technical

Technical analysis of VECHAIN - VET/USDT in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.057740	0.086220	0.118100	0.119500	0.139400	0.168100	0.188400
Change (%)	-51.68%	-27.85%	-1.17%	-	+16.65%	+40.67%	+57.66%
Change	-0.061760	-0.033280	-0.001400	-	+0.019900	+0.048600	+0.068900
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.096900	0.106100	0.111000	0.120200	0.125100	0.134300	0.139200
Camarilla	0.112023	0.113315	0.114608	0.115900	0.117193	0.118485	0.119778
Woodie	0.094750	0.105025	0.108850	0.119125	0.122950	0.133225	0.137050
Fibonacci	0.106100	0.111486	0.114814	0.120200	0.125586	0.128914	0.134300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.082233	0.097767	0.112933	0.128467	0.143633	0.159167	0.174333
Camarilla	0.119658	0.122472	0.125286	0.128100	0.130914	0.133728	0.136543
Woodie	0.082050	0.097675	0.112750	0.128375	0.143450	0.159075	0.174150
Fibonacci	0.097767	0.109494	0.116739	0.128467	0.140194	0.147439	0.159167

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.032653	0.044337	0.066863	0.078547	0.101073	0.112757	0.135283
Camarilla	0.079982	0.083118	0.086254	0.089390	0.092526	0.095662	0.098798
Woodie	0.038075	0.047048	0.072285	0.081258	0.106495	0.115468	0.140705
Fibonacci	0.044337	0.057405	0.065478	0.078547	0.091615	0.099688	0.112757

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.59
MACD (12,26,9):	0.0075
Directional Movement:	2.837985
AROON (14):	21.428572
DEMA (21):	0.129134
Parabolic SAR (0,02-0,02-0,2):	0.136148
Elder Ray (13):	-0.004417
Super Trend (3,10):	0.102595
Zig ZAG (10):	0.117700
VORTEX (21):	1.0928
Stochastique (14,3,5):	33.58
TEMA (21):	0.129786
Williams %R (14):	-84.69
Chande Momentum Oscillator (20):	-0.021400
Repulse (5,40,3):	-7.9983
ROCnROLL:	-1
TRIX (15,9):	1.5153
Courbe Coppock:	19.47

MA7:	0.124443
MA20:	0.121110
MA50:	0.095011
MA100:	0.098459
MAexp7:	0.122579
MAexp20:	0.117937
MAexp50:	0.106636
MAexp100:	0.104732
Price / MA7:	-3.97%
Price / MA20:	-1.33%
Price / MA50:	+25.77%
Price / MA100:	+21.37%
Price / MAexp7:	-2.51%
Price / MAexp20:	+1.33%
Price / MAexp50:	+12.06%
Price / MAexp100:	+14.10%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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